Europe has overtaken China in creating billion-dollar tech startups, known as unicorns, according to a new analysis that points to the EU’s rising status in the field and the effect of Beijing’s crackdown on entrepreneurialism, The Wall Street Journal reported.
Over the past year, China has reined in its most successful and freewheeling tech giants, leading to a loss of market value that has cast a chill across the whole sector. Europe, meanwhile, has attracted further investment in its expanding tech industry.
Read the full report: The Wall Street Journal.
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